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New Year, New You: Set Your Business Up for Success this year

Writer's picture: All In AdvisoryAll In Advisory

Updated: Dec 10, 2024

Woohoo! A new year is here, and just like your profit and loss statement resets on 1 July, so should your business. Who doesn’t love a fresh, clean slate? 😍 Let’s dive into our red-hot tips for making this your best year yet.

Reflect

Before you hit the ground running, pause to reflect on the year that was. What worked? What didn’t? Write it all down. Start by answering these questions:


  • What were your top 3 wins or accomplishments?

  • What were your top 3 challenges or setbacks?


Reflecting is your first step toward a strategic reset! See, you’re already setting yourself up for success—go you! Let’s keep going.


Celebrate

Yes, seriously—celebrate! You worked hard, and those wins deserve recognition.

  • Toast to your successes with your favorite treat. 🍰

  • Invest in some victory merch to remind yourself of the milestones.

  • Share your achievements with your team, clients, or even your social media squad. (Shout it from the rooftops—you’re crushing it!)


Take a moment to revel in the joy and give yourself a well-earned pat on the back. You deserve it!


Learn from the Challenges

Challenges aren’t failures; they’re golden opportunities to learn and grow. From those top 3 challenges you noted earlier, ask yourself:


  • What lessons did I learn?

  • What will I do differently next time?


Be kind to yourself—nobody nails it 100% of the time. Release those setbacks and embrace the growth they’ve given you.


Plan ahead

This is the fun part! Goal setting is like drawing your roadmap to success. Start by:


  1. Identifying your top 3 goals for the year, professional and personal.

  2. Mapping out how you’ll make time to achieve them.

  3. Listing the resources or support you’ll need.


Here are some Pro Financial tips (because we are accountants after all):

  • Set a budget and strategies to keep your finances in check as failing to plan is planning to fail. In fact, we have written a whole blog on this subject, you can check it out here 

  • Looks for ways to increase revenue through new products, services or pricing

  • Tackle your top 5 expenses first—big wins beat tinkering around the edges.

  • Enter your budget into Xero for real-time tracking and accountability.


Want to take it further? Work with us to create forecasts and scenario mapping. It’s a game-changer for growth and impressing financiers.


Tidy Up

Start the year with a squeaky-clean foundation by optimising your Xero file. Here’s how:

  • Ensure bank and credit card feeds are set up.

  • Use receipt-capturing tools like Hubdoc or Dext.

  • Set up auto-super for employees to streamline payments.

  • Create bank rules for recurring transactions.

  • Review aged receivables, payables, and your plant & equipment register.


Need more details? We’ve got a whole blog on optimising your Xero file—check it out here .


Out with the old in with the new

It’s time to embrace technology and automation for serious efficiency gains. Look at tasks that are repetitive and manual—can they be automated? Think cloud tools, AI, and integrations like Xero and Hubdoc. If your biz manages agreements, billing, payment collection, or workflows, consider tools like Ignition to simplify and streamline these processes. It’s about working smarter, not harder!


Automation isn’t just cool—it’s smart. The time (and sanity) you’ll save is what we like to call return on investment. Need help? This is our jam. Let’s make it happen! 


Let’s Smash It This Year! 💥

You’ve got this. With reflection, celebration, learning, planning, tidying up, and a splash of tech, the new year is yours to conquer.


Got questions? No worries—our oh-so-cool-not-nerdy team is here to help. Reach out today, and let’s make magic happen!


Here’s to your success this year—now go crush it! 🎉


Disclaimer: The information provided is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice

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All-In_SpeechBubble_RGB_Teal.png

Looks like someone’s looking for an excuse to procrastinate their accounts.

 

Since you’re down here… can you relate?

The Fine Print

So here's the disclaimer ... the material contained on this website is general commentary only, it is not advice and is not intended to replace consultation with a qualified professional so don't rely on it without first obtaining specific professional advice.  ​Whilst every reasonable effort is made to provide information that is accurate we give no assurance or warranty that information on this site is current, and take no responsibility for matters arising from changed circumstances or other information or material which may affect the accuracy of information. The content contained in this website is subject to change at any time without notice.  All In Advisory, it's employees and agents accept no responsibility to any person who acts or relies in any way on any of the material without first obtaining specific professional advice.

©2018 by All In Advisory Pty Ltd.

Liability limited by a scheme approved under Professional Standards Legislation.

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